Fifth Third Bancorp (FITB) : Hrt Financial added new position in Fifth Third Bancorp during the most recent quarter end. The investment management firm now holds 24,527 shares of Fifth Third Bancorp which is valued at $420,638 , the company said in a statement filed on May 13, 2016 with the SEC.Fifth Third Bancorp makes up approximately 0.44% of Hrt Financial’s portfolio.
Other Hedge Funds, Including , Fairfield Bush reduced its stake in FITB by selling 700 shares or 2.24% in the most recent quarter. The Hedge Fund company now holds 30,531 shares of FITB which is valued at $523,607. Fifth Third Bancorp makes up approx 0.19% of Fairfield Bush’s portfolio. Nine Chapters Capital Management sold out all of its stake in FITB during the most recent quarter. The investment firm sold 248,700 shares of FITB which is valued $4.3 Million.Proshare Advisors reduced its stake in FITB by selling 44,917 shares or 13.94% in the most recent quarter. The Hedge Fund company now holds 277,337 shares of FITB which is valued at $4.8 Million. Fifth Third Bancorp makes up approx 0.07% of Proshare Advisors’s portfolio. Wellington Shields Capital Management sold out all of its stake in FITB during the most recent quarter. The investment firm sold 12,825 shares of FITB which is valued $224,181.Russell Frank Co reduced its stake in FITB by selling 119,548 shares or 2.6% in the most recent quarter. The Hedge Fund company now holds 4,483,609 shares of FITB which is valued at $82.1 Million. Fifth Third Bancorp makes up approx 0.14% of Russell Frank Co’s portfolio.
Fifth Third Bancorp opened for trading at $18.42 and hit $18.88 on the upside on Wednesday, eventually ending the session at $18.82, with a gain of 2.45% or 0.45 points. The heightened volatility saw the trading volume jump to 65,68,956 shares. Company has a market cap of $14,448 M.
On the company’s financial health, Fifth Third Bancorp reported $0.40 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.35.Analysts expectations of $ 1477.23.During the same quarter in the previous year, the company posted $0.44 EPS.
Many Wall Street Analysts have commented on Fifth Third Bancorp. Company shares were Upgraded by Keefe Bruyette on May 16, 2016 to ” Outperform”, Firm has raised the Price Target to $ 20.50 from a previous price target of $19 .Fifth Third Bancorp was Initiated by FIG Partners to “Outperform” on May 16, 2016. Company shares were Reiterated by RBC Capital Mkts on Apr 22, 2016 to “Outperform”, Firm has raised the Price Target to $ 22 from a previous price target of $20 .
Fifth Third Bancorp is a bank holding company. The Companys subsidiary Fifth Third Bank provide a range of financial products and services to the retail commercial financial governmental educational and medical sectors and credit products such as credit cards installment loans mortgage loans and leases. The Company operates in four business segments: Commercial Banking Branch Banking Consumer Lending and Investment Advisors. Commercial Banking offers credit intermediation cash management and financial services to market businesses and Government and professional customers. Branch Banking provides a range of deposit and loan and lease products to individuals and businesses through approximately 1302 Banking Centers. Consumer Lending includes its mortgage home equity automobile and other indirect lending activities. Investment Advisors provides a range of investment alternatives for individuals companies and not-for-profit organizations.